Patel Engineering Ltd. News and Updates

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Patel Engineering Ltd.

05 Jun 2023

43.21

4.15%

Patel Engineering shares locked at upper circuit on LoA for water tunnel project

Moneycontrol

Patel Engineering has been awarded the LOA from City and Industrial Development Corporation (CIDCO) for the construction of a 6.70 km long treated water tunnel and associated works from Sai Village to Vindhane Village in Raigad District of Maharashtra.

Patel Engineering Ltd. has an average target of 72.00 from 4 brokers.

Patel Engineering Ltd.

15 May 2023

43.21

4.15%

Patel Eng Consolidated March 2023 Net Sales at Rs 1,298.03 crore, up 16.77% Y-o-Y

Moneycontrol

Patel Engineering Ltd. is trading below all available SMAs

Patel Engineering Ltd.

15 May 2023

43.21

4.15%

Patel Engineering net profit grows to Rs 84.3 cr in March quarter

Business Standard

Patel Engineering on Monday posted a four-fold jump in its consolidated net profit at Rs 84.3 crore during the March 2023 quarter, boosted by higher revenues. It had clocked Rs 21.2 crore net profit during January-March quarter of preceding 2021-22 fiscal, the company said in a statement. The company's revenues from operations also surged to Rs 1,298.34 crore, from Rs 1,111.6 crore in the year ago quarter. Company's CMD Rupen Patel said: "This year has been exciting with new projects coming onboard and taking our order book to an all-time high beyond Rs 2,00,000 million. We have achieved improved revenue and profit figures showcasing the strength and resilience of our business in a competitive environment." Kavita Shirvaikar, Director & CFO, said, The company won several water tunnel and irrigation projects in Maharashtra, Karnataka, and Madhya Pradesh during the quarter. "We continue with our efforts to monetise non-core assets and have reduced debt by more than Rs 5,000 million

Number of FII/FPI investors increased from 99 to 107 in Dec 2024 qtr.

Patel Engineering Ltd.

15 May 2023

43.21

4.15%

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Patel Engineering Ltd.

26 Apr 2023

43.21

4.15%

Patel Engineering surges 6% on bagging Maharashtra irrigation projects

Moneycontrol

Patel Engineering along with its Joint Venture Partners have received Letter of Awards for Krishna Marathwada Irrigation Project Lift Irrigation Scheme 01 and Krishna Marathwada Irrigation Project Lift Irrigation Scheme 02 respectively from Water Resources Department, Government of Maharashtra.

Number of FII/FPI investors increased from 99 to 107 in Dec 2024 qtr.

Patel Engineering Ltd.

23 Mar 2023

43.21

4.15%

Patel Engineering stock rises on bagging Rs 3,637-crore order with JV partner

Moneycontrol

On March 22, the company, in a joint venture, also bagged a Rs 511-crore order for Tumkur Branch Canal Micro Irrigation Project in Karnataka

Patel Engineering Ltd. is trading below all available SMAs

Patel Engineering bags order worth 511 Cr along with JV Partner

livemint | 22 Mar 2023 2 more

Patel Engineering Ltd.

16 Mar 2023

43.21

4.15%

Patel Engineering gains on bagging two micro irrigation projects

Moneycontrol

Patel Engineering has been declared as the lowest bidder for two micro irrigation projects worth Rs 1,265 crore located in Madhya Pradesh and Karnataka from Water Resources Department, Government of Madhya Pradesh, and Visvesvaraya Jala Nigam

Number of FII/FPI investors increased from 99 to 107 in Dec 2024 qtr.

Patel Engineering Ltd.

03 Mar 2023

43.21

4.15%

Patel Engineering soars 10% on bagging Rs 640 crore irrigation order

Moneycontrol

Patel Engineering along with the JV Partners have received letter of award for Rihand Micro Irrigation Project from Department of Water Resources, Madhya Pradesh. The Company being 80 percent partner in the JV, our share in the project is Rs 512.04 crore, the company added.